Study Shows 36% of Nigerian Adults Are Financially Excluded — Digital Financi...
Nearly 36% of Nigeria’s 106 million adults lack access to both regulated and unregulated financial services, according to the findings of the Enhancing Financial Innovations and Access (EFIA) study. In addition, while the findings do suggest a marginal drop in the percentage of financially excluded adults in the past few years, overall “the actual number of financially excluded adults increased from 36.6 million to 38.1 million.” Population Growth Rate Faster Than Financial Inclusion Growth Rate Additionally, the study findings show this number (financially excluded....
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Nigeria’s proposed digital currency, the e-naira, is likely to be a welcome boost to ongoing efforts to reduce the number of Nigerians that are financially excluded, a leader of a stakeholders’ body has said. However, according to Senator Ihenyen, the president of Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), the success of such a digital currency will depend on its design. A Hybrid CBDC As per reports, the Central Bank of Nigeria (CBN)’s proposed digital currency, whose piloting phase is set to commence on October 1, will be a hybrid central bank....
Millions of people around the world are financially excluded. These individuals, mainly women and poor people, suffer financial exclusion and restricted economic growth. Surprisingly, the financial exclusion of the poor is happening not only in developing countries but in the very financial capital of the world, New York City. Specifically, the New York....
CoinTelegraph spoke to Elizabeth Ploshay about the Bitcoin companies and related projects she's involved with as well as crypto’s potential to bring in the world’s financially excluded population, the majority of which “happen to be women.” Elizabeth T. Ploshay is a very active player in the Bitcoin world. The last time CoinTelegraph spoke with Ploshay, she was integrated with many fronts in the industry. Today is no different. She is the account manager of BitPay, a long serving board member for the Bitcoin Foundation, and an advisor to the charity BitGive. Ploshay is a well known for....
Over the past two years, 6 million residents of the United Kingdom have been denied bank accounts. According to a study conducted by competing banking service Pockit, since 2014 one in eight adults have been rejected by banks. Additionally, the study found that six out of 10 of their customers thought that banks did not care to accommodate the needs of low-income workers. Exclusion from valuable financial services hits the most vulnerable. Strict banking rules largely affect low-income workers and old-age pensioners. As a consequence, they are excluded from using valuable services such as....
Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose.
Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows
Yougov America Inc. conducted a survey Thursday to ascertain whether consumers are for or against adopting bitcoin as legal tender in the U.S. A total of 4,912 adults in the country participated in the survey. Yougov is an international research data and analytics group headquartered in....